So interest rates are down. I wanted to provide a comparison between what it might have cost you to own a $410k asset back in August 2008 verses owning one now.

August 2008 :

- Interest Rate : 8.94%
- Purchase price : $410,000
- Rental Expenses : $5,603
- Income : $75,000
- Rent : $18,277
- Interest : $37,486
- Tax Credit : $10,721
- Out of pocket : $14,090

March 2009 :

- Interest Rate : 5.04%
- Purchase price : $410,000
- Rental Expenses : $5,603
- Income : $75,000
- Rent : $18,277
- Interest : $21,333
- Tax Credit : $5,570
- Out of pocket : $2,888

So in August 2008, it would have cost you $271 per week out of your pocket to own a $410k asset. In March 2009, it only costs you $56 per week out of pocket.

I’m sure many of you spend close to that on lunches and coffees at work !!

The real question is “What is costing you to not own an investment property?”

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